Biden’s Expensive Lies

News: Video Reports
by Trey Blanton  •  ChurchMilitant.com  •  September 17, 2021   

Taxing working class families

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TRANSCRIPT

Republicans and nonpartisan groups on Tuesday warned the Democrats' $3.5 trillion infrastructure bill would violate one of unelected Joe Biden's campaign promises. Church Militant's Trey Blanton shows how Marxist success will harm America.

Joe Biden: "I will raise taxes for anyone making over $400,000. Let me tell you why I'm going to do it. It's about time they start paying a fair share of the economic responsibility we have. The very wealthy should pay a fair share."

Biden pandered to the working class in his bid for the White House. Now, in office, the fake Catholic is breaking his promise to have the rich pay their fair share. Republican Congressman Drew Ferguson from Georgia revealed the huge tax credit the rich will receive if the Democrats pass the gigantic reconciliation bill.

Representative Drew Ferguson: "So basically, if you're wealthy, living in a blue state, you're going to get $118,000 in tax credits."

Poor and middle-class citizens are struggling to pay for basic necessities owing to rising inflation, while the rich will get tax breaks to purchase climate-friendly cars and home improvements. Biden's economic plan centers on taxing corporations at a higher rate than even communist China does. Thomas Barthold, chief of staff of the non-partisan Joint Committee on Taxation, warned Congress of the devastating consequences.

Thomas Barthold: "Twenty-five percent of the burden of the corporate tax may be borne by labor in terms of diminished wage growth." 

Representative Mike Kelly: "Who is going to bear the brunt of this?"

Barthold: "Labor. Laborers."

Higher taxes always impact the working class the hardest, increase the power of the federal government and keep citizens dependent on the elites. Many of the tax hikes won't take effect until a few years down the line. Long enough for people to disassociate the tax with this Democrat bill.

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